Will we see higher price then a retest of our current levels?
MEOW Last tg was hit as expected. dead cat bounce in progress invalidated if swing pivot point is reached.
Pullback is in progress. Where will the bulls step in? GDX is set up for symmetrical break out with volume to back.
Price has broken through range. A lot has asked me how I knew gold was going to break out this week I will list a few things I was watching. PBOC devaluation into a new moon. (dxy weakness starts with new moon phase) This would directly make gold prices go up. USDJPY- Japanese have been buying gold the last month.(now will buy more looking at the yen.) GDX -...
JPM- long very soon daily buy signal buy - however price can fall towards weekly support profile.
Bought in at 137-138 calls spread. short term gains /mid swing
breakout pattern noticed. tgs gap fill/ also a .618 fibo
I do not trade this. Channel reset then another bounce into the future is what seems most viable due to fishers/wave.
as spy aims at 300 we can see a nice buying opportunity when it breaks the triangle to the downside. more sideways down before up.